With an aim to give impetus to the defence sector, India's 'biggest ever' defence exhibition - DefExpo 2022 has been inaugurated by
PM Modi in, Gandhinagar, Gujarat.
Representatives of 50 African countries, including 20 defence ministers & service chiefs, participated in India-Africa Defence Dialogue chaired by Rajnath Singh on sidelines of DefExpo.
Speaking on the sidelines of the exhibition, Defence Minister Rajnath Singh said the country had already 'managed to do defence exports worth Rs 8,000' in the first 6 months of this fiscal.
The event will be held between October 18 and 22, 2022. The theme for this edition is 'Path to Pride' invoking nationalistic pride and encouraging citizens towards nation-building.
Russia and the US have been prominent players at previous defence exhibitions held in India. During the Aero India show last year, the biggest exhibitor was Ukraine.
PM Modi targets $5 billion in defence exports in next 5 years. If 'Make in India’ reaches its full potential, $10-15 billion is achievable in a decade.
Top Boeing official Thom Breckenridge said the aircraft will fulfill the Indian requirements and that they are in discussion with the Indian Navy for the trials.
The MoU, signed at DefExpo 2020, calls for manufacturing & selling of drones to Indian defence forces, paramilitary forces & central armed police forces.
From day one, Make in India was driven by optics than economics. There were global summits, slick visuals, and media blitzes. But the real machinery never showed up.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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